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Ocado Group (“Ocado”) has announced an agreement to build a large Customer Fulfilment Centre (“CFC”) for a fast-growing European national retailer.
Under the agreement, Ocado will install its latest technology into a new, automated Customer Fulfilment Centre (CFC), due to go live in FY28. The site will be equipped with Ocado’s Re:Imagined technology suite, including the 600s bot, On-Grid Robotic Pick (“OGRP”), and a fully Automated Freezer.
The retailer, which is enjoying sustained growth, expects to quickly transfer its existing online order volumes into the CFC, with the site expected to go live with utilisation at just over half of its design capacity.
Tim Steiner, CEO of Ocado Group, said:
“I’m delighted that Ocado’s world-leading automation and robotics have been chosen to help drive forward the online operations of another leading retailer. Together with our agreement with Asda earlier this year, this partnership highlights the growing demand for our solutions across the breadth of our technology offering.”
Expected financial impact
The transaction is not expected to have a material financial impact in FY26. Ocado continues to expect to deliver on its market guidance to turn cash flow positive during the second half of this financial year, and to be Full Year cash flow positive in FY27.
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